Historic Maldivian rufiyaa Malaysian ringgit

Maldivian rufiyaa malaysian ringgit history for February 2024. The highest quote for this month is 0.31586 (21/02/2024) and the lowest 0.3151 (21/02/2024). The difference between high and low is 0.24.

MVR MYR average rate for February 2024 is 0.3121, the change between 01/02/2024 and 29/02/2024 is -1.17 %.

01 February 20241 MVR = 0.3098 MYR
02 February 20241 MVR = 0.3099 MYR
03 February 20241 MVR = 0.3058 MYR
04 February 20241 MVR = 0.3058 MYR
05 February 20241 MVR = 0.3092 MYR
06 February 20241 MVR = 0.3113 MYR
07 February 20241 MVR = 0.3127 MYR
08 February 20241 MVR = 0.3121 MYR
09 February 20241 MVR = 0.3137 MYR
12 February 20241 MVR = 0.3144 MYR
13 February 20241 MVR = 0.3144 MYR
14 February 20241 MVR = 0.3145 MYR
15 February 20241 MVR = 0.3147 MYR
16 February 20241 MVR = 0.3133 MYR
17 February 20241 MVR = 0.3098 MYR
18 February 20241 MVR = 0.3098 MYR
19 February 20241 MVR = 0.3133 MYR
20 February 20241 MVR = 0.3137 MYR
21 February 20241 MVR = 0.3156 MYR
22 February 20241 MVR = 0.3153 MYR
23 February 20241 MVR = 0.3141 MYR
24 February 20241 MVR = 0.3097 MYR
25 February 20241 MVR = 0.3097 MYR
26 February 20241 MVR = 0.3140 MYR
27 February 20241 MVR = 0.3139 MYR
28 February 20241 MVR = 0.3130 MYR
29 February 20241 MVR = 0.3134 MYR

18/03/2020: COVID-19 Pandemic Impact

The COVID-19 pandemic caused a sharp decline in the value of the ringgit, as global markets experienced volatility and economic slowdown.

15/01/2019: Introduction of New Banknotes

New series of banknotes with enhanced security features and improved designs were introduced by the Maldives Monetary Authority.

12/08/2015: Ringgit Depreciation

The Malaysian ringgit experienced a significant depreciation against major currencies due to falling oil prices and global economic uncertainties.

01/09/2014: Introduction of Polymer Banknotes

Polymer banknotes were introduced in the Maldives, replacing the traditional paper banknotes, enhancing their durability and security features.

01/07/2011: Redenomination of the Rufiyaa

The Maldivian Rufiyaa underwent redenomination, with new banknotes and coins introduced to simplify transactions and reduce the number of zeros.

21/07/2005: Removal of Currency Peg

The Malaysian government removed the fixed exchange rate peg to the US dollar, allowing the ringgit to float freely based on market forces.

01/01/2002: Decimalization of the Rufiyaa

The Maldivian Rufiyaa was decimalized, with 100 laari equaling 1 Rufiyaa, replacing the previous system of 1 Rufiyaa equalling 100 lari.

02/07/1997: Asian Financial Crisis

The Malaysian ringgit was heavily affected by the Asian financial crisis, leading to a currency devaluation and introduction of capital controls.

12/06/1985: Currency Pegged to the US Dollar

The Malaysian ringgit was pegged to the US dollar at a fixed exchange rate of RM2.50 per USD to stabilize the economy.

01/09/1983: Introduction of the Maldivian Rufiyaa

The Maldivian Rufiyaa was introduced as the new currency, replacing the Maldivian Rupee at a 1:1 exchange rate.

01/09/1981: Establishment of the Maldives Monetary Authority

The Maldives Monetary Authority (MMA) was established as the central bank of the Maldives, responsible for issuing and managing the currency.

29/08/1975: Change to Malaysian Ringgit

The Malaysian dollar was renamed as the Malaysian ringgit, with the currency symbol RM, to reflect the country's independence and identity.

12/06/1967: Introduction of the Malaysian Dollar

The Malaysian dollar was introduced as the official currency of Malaysia, replacing the Malaya and British Borneo dollar.

22/10/1947: Introduction of the Maldivian Rupee

The Maldivian Indian Rupee was adopted as the official currency of the Maldives, replacing the Ceylonese Rupee.
MVR MYR July 2023
MVR MYR August 2023
MVR MYR September 2023
MVR MYR October 2023
MVR MYR November 2023
MVR MYR December 2023
MVR MYR January 2024
MVR MYR February 2024
MVR MYR March 2024
MVR MYR April 2024
MVR MYR May 2024
MVR MYR June 2024
MVR MYR July 2024